Are The US Governments Demands On UBS Unconstitutional?
See Also: Fire Drill At Deutsche Bank! Cliff Asness Doesn’t Have Dolls – He Has Action Figures How Kobe Bryant Explains Everything That’s Wrong With Wall Street $(“.box-post a”).mousedown(function() { $.post(“/ws/heatmap”, { homepage: ‘feb9b914b4715c4a66014800’, uri: $(this).attr(“href”) }); }); This Wall Street Journal sides with UBS in its efforts to resist the demands of the US government that the Swiss bank turn over the names of 52,0000 US citizens with Swiss bank accounts. The Journal explains that this is really nothing more than a “fishing expedition” that violates a 30 year old U.S.-Swiss treaty on sharing tax information. But its wrong to consider this a battle between the US and the Swiss. The government’s case against UBS was settled back in February. The real targets of the IRS are tens of thousands of U.S. taxpayers, whose financial information the government is demand only because they bank in Switzerland. So hold off on calling the cheese with holes in it Freedom Cheese
